Truist Financial Reiterates Buy Rating for United Rentals (NYSE:URI)

United Rentals (NYSE:URI)‘s stock had its “buy” rating restated by stock analysts at Truist Financial in a research note issued to investors on Friday,Benzinga reports. They presently have a $956.00 price objective on the construction company’s stock, down from their previous price objective of $963.00. Truist Financial’s price objective points to a potential upside of 25.45% from the company’s current price.

Several other research firms have also commented on URI. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a research note on Tuesday, January 14th. Bank of America upped their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup lowered their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Argus increased their price target on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $813.09.

United Rentals Stock Down 1.6 %

NYSE:URI traded down $12.05 during mid-day trading on Friday, reaching $762.03. The company’s stock had a trading volume of 134,312 shares, compared to its average volume of 688,836. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $50.00 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.69. The stock has a fifty day moving average of $766.58 and a 200-day moving average of $768.75. United Rentals has a 1 year low of $596.48 and a 1 year high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.51%. Equities research analysts forecast that United Rentals will post 46.06 earnings per share for the current year.

Hedge Funds Weigh In On United Rentals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new stake in shares of United Rentals during the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in United Rentals during the 3rd quarter worth $31,000. Hanson & Doremus Investment Management acquired a new stake in United Rentals during the 4th quarter worth $33,000. Carmichael Hill & Associates Inc. grew its holdings in shares of United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after buying an additional 20 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of United Rentals in the third quarter valued at about $41,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.